Anthropic has chosen the Nasdaq for its IPO listing

Anthropic, the artificial intelligence startup, has decided to list its initial public offering (IPO) on the Nasdaq exchange. This decision follows a recent listing by SpaceX on the same exchange. Nasdaq's success in securing high-profile tech IPOs is challenging the New York Stock Exchange's (NYSE) long-standing dominance in such listings. The upcoming listing of Anthropic adds to Nasdaq's impressive track record.

The AI security risk discussions have been prominent in the tech industry, with former Anthropic staff contributing to these conversations. Anthropic, which plans to list in October, has secured another significant victory with its choice of Nasdaq. The company is in competition with other AI startups, with estimates suggesting its valuation could exceed $2 trillion.

The size of these IPOs, combined with the limited number of tech listings in recent years, has made the choice of exchange particularly valuable for companies like Anthropic and SpaceX. Both hope to establish their respective exchanges as the preferred venue for future AI IPOs.

Anthropic is currently preparing for its IPO at a time when OpenAI CEO Sam Altman has stated that he would not go public at the moment due to concerns surrounding AI existential threats. These risks gained more attention recently after a former Anthropic employee warned of a greater than 10% human extinction risk. The shift in the tech IPO landscape is evident, as the NYSE has historically dominated such listings.

The performance of a company on Nasdaq versus NYSE is not definitively determined, and there is no clear evidence that one exchange consistently outperforms the other. However, it is worth noting that Nasdaq has consistently been successful in hosting tech IPOs, with listings on its exchange being a prerequisite for inclusion in the Nasdaq 100 Index.

Ultimately, the exchange on which Anthropic lists its IPO may not significantly impact its trading performance. The company will need to disclose its financials at least 15 days before the start of its investor road show. For more information, contact Katie Roof at Business Insider.